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The rand was on track for a 0.3% decline in November, one of only four emerging-market currencies to weaken, while the MSCI emerging-market currency index gained 2.9%. Local factors cited include power cuts, rail and port constraints, the grey-listing by financial regulators, and talks to tap foreign-exchange reserves.
Persistent logistics constraints at South African ports and rail hamper grain and oilseed exports and raise costs. Currency weakness adds to import costs for feed ingredients.
techcentral.co.zaColleen GokoDec 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
